The United States has made history by passing 18 pesos for first time ever. Â According to Notimex, on Wednesday Jan. 6 the dollar was selling at 18.10 pesos at the International Airport of Mexico CityÂ exchange houses.Â There are manyÂ reasons for this sudden surge, including the effect of low oil prices and concerns about the health of the Chinese economy. There is some speculation that the Chinese government will devalue its currency.Â According to Gabriella Siller of Banco Base Â¨the recent conflict between Iran and Saudi ArabiaÂ¨ plays a big part as well, as does Â¨an alleged nuclear test in North Korea have increased demand for refuge assets.â€
The U.S. dollar hasÂ been going strong forÂ time now, with the peso recently hitting an all-time low of 17Â in the summer of 2015.Â On April, 16th 2015 the current exchange rate was $1.00 UDS to 15.21 Pesos. The past year hasÂ seen a steady increase in the dollar to peso exchange rate and now your U.S. dollar will buy more Mexican Pesos than it has for a long time. As theÂ economy continues to improve so willÂ the dollar, andÂ as bad as this is for Mexicans there is an upside for you as an American: your powerful U.S. dollars will buy more today than it did before. Now is the time to take your hard earned dollars to Mexico and see how far they can go. If you want an idea of what to expect the tale a look at this comparison chart showing theÂ cost of retiring and living in Mexico.
If you are thinking about retiring to Mexico now is a good time to take advantage of theseÂ changes in theÂ US dollar.Â Most real estate here is listed in U.S. dollars and transactions here in Mexico are conducted in U.S. dollars as well, Â so this wonÂ´t impact that in any way. However, with todayâ€™s high exchange rate your day-to-day living expenses are where you will see the real impact that your dollar can have and how far it can go. Whether it be for grocery shopping, dining in restaurants, enjoying the nightlife, or in purchasing furniture and items for your new home. Mexico has anÂ excellent infrastructure with quality services that you would expect back home. Aside from the previously mentioned savings youâ€™ll also find a dramatic price reduction on quality healthcare services and insurance. Â And sinceÂ Mexico is close to the United States it hasÂ many international airports that offer direct flights to the U.S. ItÂ´s anÂ idealÂ time toÂ visit the Riviera Maya to see what is available so start thinking about how to do this.
One of the best ways Â is by signing up for the Live It, Compare It & Buy It Tour.Â This is an educational tour that provides you with the means to buy with total confidence and a feeling of safety. All of our workshops and classes are conducted by the areaâ€™s leading experts in order to help make your dream become a reality. When buying real estate in the Riviera Maya, itÂ´s important to make the best informed decision about the Mexico real estate market. The Live It Tour covers everything from how to buy property in Mexico to how to live in Mexico,Â so if youÂ´ve been planning a trip here to find your new home. This is the perfect way to start the new year.
Now if you have any questions about how retire in Mexico or any of the Top Mexico Real Estate properties we have listed anywhere throughout Mexico, please feel free to contact any of our Top Mexico Buyersâ€™ Representatives and we will be glad to help you find your very own piece of paradise.
And remember, here at Top Mexico Real Estate â€¦
We make it happen!